Could it possibly be that, and let's just be purely hypothetical here for a moment, that people that sell out at these very low levels (according to the logic of those buying) have done the math and think that the price won't rise anymore? That, perhaps, they believe the policy of paying out every last dime of available cash may not be the best strategy for future growth?
Today's volume and price behavior is a blip in the life of ASICMINER. Do you know how many shares have been imported into ASICMINER-PT this week? Maybe 500 or so. G.ASICMINER? About 200. The TAT assets? about 200. Yet somehow the average price is still over 1.7. Only about 21% of the publicly held shares even exist on an exchange. My point is, MANY people are still buying, and MANY MANY more are still holding.
I'm sorry to say, but with the latest dividend payout, my confidence in AM has fallen dramatically. I think it is irresponsible of them to pay out the equivalent of ฿60K in dividends per month, the equivalent of almost 50% of the entire Bitcoin coin production.
You do realize, that AM is nearly debt free, is sitting on cash and BTC, and has a steady income that is very significant?
You do realize, that Friedcat has a demonstrated history of forethought, execution, agility, and business acumen?
I'll happily admit I've sold most of my AM holdings after running numbers again that show me there is no possible way to recouperate a share price of ฿1.7, much less yield a profit, when you think beyond 2016.
Ah, so this is the root of it. You have provided us with a giant wall of text, while rudely responding to Aureum_Coffee, in some unrealized attempt to convince yourself you did the right thing by taking your money and running. It's okay, and a very sound strategy to realize your profits when you are comfortable with your gains, but your actions do not limit ASICMINER from being more creative, diverse, and industrious than you can predict.
At these price levels, investors have a negative ROI of 8% per year if friedcat manages to get his projected 10% of the total hash rate on average and only manages to sell ฿1000 worth of hardware per month. Even at 15% of the total hash rate, the annual yield looks like around 1%. At 20% of the hash rate on average, AM yields slightly better than a NASDAQ composite index fund.
.b
You do realize, it is quite possible that it is you that is being short-sighted here? 10% is Friedcats
minimum goal. We still have next-gen hardware to make, and who knows what other hardware, partnerships, and contracts will come from ASICMINER. He just sold 8000+ BTC of hardware in ONE WEEK, and you want to presume he can only sell 1000 BTC per month going forward?
Don't mistake my responses for unabashed lemming fanboism, I too have my reservations and limits to what I will risk. However, in this case I see more room for growth, and
you do realize that growth potential is the true driver of share value, not dividends or some volatility.
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